APG Asset Management N.V. Makes New $13.14 Million Investment in Veralto Co. (NYSE:VLTO)

APG Asset Management N.V. bought a new position in Veralto Co. (NYSE:VLTO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 133,600 shares of the company’s stock, valued at approximately $13,141,000. APG Asset Management N.V. owned 0.05% of Veralto at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new position in Veralto during the 4th quarter worth approximately $25,000. OFI Invest Asset Management purchased a new stake in shares of Veralto in the fourth quarter valued at $26,000. BankPlus Trust Department acquired a new stake in shares of Veralto in the fourth quarter worth $29,000. Albion Financial Group UT grew its holdings in shares of Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after buying an additional 336 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in Veralto during the fourth quarter valued at $42,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on VLTO shares. Royal Bank of Canada decreased their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price target for the company. Stifel Nicolaus dropped their price objective on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Citigroup lowered their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $113.50.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $1,045,044.90. Following the sale, the chief executive officer now owns 104,496 shares of the company’s stock, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Melissa Aquino sold 463 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the transaction, the senior vice president now owns 20,761 shares of the company’s stock, valued at approximately $2,067,795.60. This trade represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,471 shares of company stock worth $2,234,030. 0.31% of the stock is owned by insiders.

Veralto Stock Down 2.7 %

Veralto stock opened at $88.67 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $21.99 billion, a P/E ratio of 26.55, a P/E/G ratio of 4.24 and a beta of 0.97. Veralto Co. has a 1-year low of $83.87 and a 1-year high of $115.00. The firm’s fifty day simple moving average is $96.96 and its 200-day simple moving average is $102.63.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. Sell-side analysts forecast that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s dividend payout ratio is 13.17%.

Veralto Profile

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.